Intel Corp.INTC -2.45%Chief ExecutivePat Gelsingersays his plan to turn around the U.S. semiconductor company is a multiyear assignment. Intel shares are up less than 2%. This week, Intel announced a plan to publicly list shares in its Mobileye self-driving-car unit in the U.S. next year. Intel shares slumped in October after the company’s most recent earnings when it detailed investment plans and said its margins would be lower in the next few years. “If you want to measure me on a quarterly basis, I fail,” Mr. Gelsinger said at the event in Washington.

Source: Wall Street Journal December 11, 2021 02:48 UTC